The thing to remember is that there are 4 different banks selling properties on Condado, all with varying prices and mortgage deals, typically with a standard mortgage deal for non-residents of 70% and the mortgage rates then vary by bank plus the extras that some banks insist to pay, for example life and contents insurance
I don't know how much the initial purchase price is but banks are offering them now from €59k, so you can save the difference between the 110% and speed up the process with another bank
If somebody wants to get an idea on the numbers and offerings, please PM me